Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD holds above 0.5950 as US recession fears mount. NZD/USD,D1 Pivot: 0.5928 Analysis: While the price is above 0.6000, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5828 Take Profit 1: 0.5800 Take Profit 2: 0.5700 Alternative scenario: If level 0.6000 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6000 Take Profit 1: 0.6150 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD bumped higher on Monday before easing back into range. EUR/USD,D1 Pivot: 1.0947 Analysis: While the price is above 1.0800, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0947 Take Profit 1: 1.1000 Take Profit 2: 1.1100 Alternative scenario: If level 1.0800 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0800 Take Profit 1:...
Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of Canada lowered the target for the overnight rate by 25 basis points in July. Pivot: 1.3887 Analysis: While the price is above 1.3600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3887 Take Profit 1: 1.3900 Take Profit 2: 1.4000 Alternative scenario: If level 1.3600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3600...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD remains on the defensive around 0.6500, eyes on US PMI data. AUD/USD,D1 Pivot: 0.6421 Analysis: Provided that the currency pair is below 0.6600, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6421 Take Profit 1: 0.6300 Take Profit 2: 0.6200 Alternative scenario: In case level 0.6600 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP depreciates due to increased risk-off mood and BoE rate cut. GBP/CHF,D1 Pivot: 1.1093 Analysis: While the price is below 1.1200, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1093 Take Profit 1: 1.1000 Take Profit 2: 1.0900 Alternative scenario: If the level of 1.1200 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1200 Take profit 1: 1....
